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UK Index of Services

UK April Index of Services (Apr) flat MoM, flat 3M/3M,+2.0% YoY, +1.2% 3M/YoY CFDs & Spread Betting with Accendo Markets

US Q1 GDP In-line; Unemployment makes little/no progress

US Q1 GDP (3rd Est) +1.9% QoQ annualised, unchanged from 2nd estimate US Q1 Personal Consumption 2.5% vs 2.7% 2nd estmate US Weekly Jobless Claims: Initial 386K vs 385K est (prev 392, R+ from 387K); US Continuing Jobless Claims: 3.296m vs 3.280m est (prev 3.311, R+ from 3.299m) CFDs & Spread Betting with Accendo Markets

Italian bond auction – successful, but pays for it

Italy sells €5.4bn of €5.5bn offered No suprise yields up Demand so so. 10y 6.19% yield v 6.03%, Demand 1.28x v 1.35x; 5y 5.84% v 5.66%. 1.54x v 1.35x CFDS & Spread Betting with Accendo Markets

Eurozone June confidence figures disappoint

Business Climate (Jun) -0.94 vs -0.87 est (prev -0.79, Rev + from-0.77) Consumer Confidence (Jun, final)-19.8 vs -19.6 est/prelim; Economic Confidence (Jun) 89.9 vs 89.6 est (prev 90.6 Industrial Confidence (Jun) -12.7 vs -12.0 est (orev -11.3); Services Confidence (Jun) -7.4 vs -6.0 est (prev -4.9) CFDs & Spread Betting with Accendo Markets

UK Macro Data roundup – not pretty

UK Q1 GDP confirmed at -0.3% vs Q4 UK Q1 growth Year-on-year revised down to -0.2%  from -0.1% UK Q4 GDP revised down to -0.4% vs Q3, from prior -0.3% Data confirms 2 consecutive quarters of negative growth – technical recession UK current account worsens, Business investment revised down CFDS & Spread Betting with Accendo…

German unemployment – worse

Germany Unemployment Chg (Jun) – worse 7K vs 3K est (May 0K); Germany Unemployment Rate(Jun) – worse 6.8% vs 6.7% est/May CFDs & Spread Betting with Accendo Markets

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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